Note 3 - Property and Equipment:

12 Months Ended

Jun. 30, 2014

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

3. PROPERTY AND EQUIPMENT:

Property and equipment consists of the following:

	June 30, 2014			June 30, 2013
Machinery and equipment	$	4,111,001		$	5,432,947
Buildings and structures		1,947,701			2,574,010
Leasehold improvements		-			31,336
Furniture		-			28,932
Computers and office equipment		183,809			243,058
		6,242,511			8,310,283
Less accumulated depreciation		(1,891,358	)		(979,263	)
	$	4,351,153		$	7,331,020

During the year ended June 30, 2013, Kreider 1 was placed into service and the capitalized costs of $8,219,617 were allocated among its separately identifiable components. Depreciation expense was $978,798 and $905,871 for the years ended June 30, 2014 and 2013, respectively.

Management reviewed property and equipment for impairment as of June 30, 2014 and determined that the carrying amount of property and equipment related to the Kreider 1 project exceeded its estimated future undiscounted cash flows. Management estimated the fair value of the property and equipment, based on the discounted cash flow method, and determined that $2,000,000 of the property and equipment was impaired.